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What are problems with taxes?
people are making more money and the tax people is complaining about paying more of the income to the people they are trying to pay less to each of um
When are income taxes in the USA due?
Federal income taxes must be filed by April 15th every year. Extensions can be filed for those people needing a little more time to prepare their taxes. The above is true for filing taxes; however, the actual income taxes are due when the income is earned. If income is not withheld by your employer or if you are self employed you will need to make quarterly estimated tax payments to fulfill your tax obligation.
A person with a what ideology would be more likely than others to grumbre about paying excessively high income taxes?
right-wing-----------------this is the correct answer
Minimum income to file taxes?
There is not a minimum income one must have in order to file taxes. Anyone can file taxes if they want.
What are the basic principles of taxation?
Principles and Theories of Taxation 1. The Benefit Principle- This principle holds the individuals should be taxed in proportion to the benefits they receive from the governments and that taxes should be paid by those people who receive the direct benefit of the government programs and projects out of the taxes paid. 2. The Ability to Pay Principle- This principle holds that taxes should relate with the people's income or the ability to pay, that is, people with greater income or wealth and can afford to pay more taxes should be taxed at a higher rate than people with less wealth. An example is Individual income tax. 3. Taxation The Equal Distribution Principle- This principle states that income, wealth, and transaction should be taxed at a fixed percentage; that is, people who earn more and buy more should pay more taxes, but will not pay a higher rate of taxes.
What does Barack Obama think about income taxes?
the rich people should pay more taxes.
What ideology would be more likely than others to grumble about paying high income taxes?
middle-of the-road
How are people affected by taxes?
The United States has a progressive tax system which means that people who make more income pay a higher percentage in taxes.
What are tax refunds and how to get them?
Tax refunds are refunds that are issued to you by the government when you have paid more taxes than required. This is calculated when your income taxes are filed, and some people qualify for a refund while others may owe more money than they have already paid. Here is a more detailed explanation:
What are problems with taxes?
people are making more money and the tax people is complaining about paying more of the income to the people they are trying to pay less to each of um
When are income taxes in the USA due?
Federal income taxes must be filed by April 15th every year. Extensions can be filed for those people needing a little more time to prepare their taxes. The above is true for filing taxes; however, the actual income taxes are due when the income is earned. If income is not withheld by your employer or if you are self employed you will need to make quarterly estimated tax payments to fulfill your tax obligation.
Why would reducing taxes help during a recession?
Reducing taxes means people will have more money, and therefore a larger disposable income. If you were to have a larger disposable income your more lkely to buy luxuries consequently putting money in the economy
A person with a what ideology would be more likely than others to grumbre about paying excessively high income taxes?
right-wing-----------------this is the correct answer
Minimum income to file taxes?
There is not a minimum income one must have in order to file taxes. Anyone can file taxes if they want.
What are the basic principles of taxation?
Principles and Theories of Taxation 1. The Benefit Principle- This principle holds the individuals should be taxed in proportion to the benefits they receive from the governments and that taxes should be paid by those people who receive the direct benefit of the government programs and projects out of the taxes paid. 2. The Ability to Pay Principle- This principle holds that taxes should relate with the people's income or the ability to pay, that is, people with greater income or wealth and can afford to pay more taxes should be taxed at a higher rate than people with less wealth. An example is Individual income tax. 3. Taxation The Equal Distribution Principle- This principle states that income, wealth, and transaction should be taxed at a fixed percentage; that is, people who earn more and buy more should pay more taxes, but will not pay a higher rate of taxes.
Why do you have to pay taxes if you work and retired?
Do you think that a retired AIG executive who is receiving a $10 million annual pension should be exempt from taxes? We base income taxes on how much you make. We give a generous allowance to low income people. People who make more have to pay something to support the country.
What taxes do consumers pay a higher tax rate on when their income increases?
Progressive ______________ Income taxes will have a higher rate. Many other taxes, or more correctly tax benefits, may be limited or eliminated.
